9th Jan 2015 12:31
LONDON (Alliance News) - STM Group PLC Friday said Chief Financial Officer Therese Neish bought 170,200 shares at a price of 23.5 pence per share Thursday.
Following this transaction, Neish now holds 492,756 shares, which represents 0.92% stake in the firm.
In a statement, Chief Executive Colin Porter said on the transaction: "This share purchase by Therese Neish, our CFO, follows a significant share purchase by Alan Kentish, our director of business and product development, in December of last year. These purchases by the directorate demonstrate considerable confidence in the prospects of the business."
Shares in the multi-jurisdictional financial services group were up 4.3% at 24.50p Friday midday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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